Shanti Gold International Shares Make Strong Debut on Stock Market, List at 14.35% Premium
Shanti Gold International Ltd, which launched its Initial Public Offering (IPO) on July 25, 2025 made its debut on Dalal Street today on August 1, 2025. The shares of Shanti Gold International made a positive debut, listing at premium at both NSE and BSE.
The shares opened at ₹229.10 on the BSE, marking a 15.13 over the IPO upper price band of ₹199. On NSE, the shares of Shanti Gold International opened at ₹₹227.55, marking a 14.35%. The shares gained further highs to ₹238.36 after listing, indicating gains close to 19% for investors.
Ahead of its listing, the Grey Market Premium of Shanti Gold International Ltd stood at ₹34, indicating an estimated listing of ₹233.
Shanti Gold International IPO Details
Shanti Gold International IPO is a bookbuilding of ₹360.11 crores. The issue is entirely a fresh issue of 1.81 crore shares. The IPO price band is set at ₹189 to ₹199 per share. The minimum lot size for an application is 75, and the minimum amount of investment required is ₹14,175.
Choice Capital Advisors Pvt Ltd is the book-running lead manager of the Shanti Gold International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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Shanti Gold International IPO Overall Subscription Status
(July 29, 2025, 5 PM)
On Day 3, Shanti Gold International IPO saw a subscription rate of 80.78 times. The public issue was subscribed 29.73 times in the retail category, 117.33 times in QIB, and 151.17 times in the NII category.
Shanti Gold International Ltd Business Overview
Shanti Gold International Ltd, founded in 2003 and headquartered in Mumbai, manufactures high-quality 22kt CZ casting gold jewellery. Operating on a pure B2B model, it supplies a diverse range of bangles, rings, necklaces, and bridal sets to key jewellery chains in India across 15 states and 1 union territory, including clients such as Joyalukkas and Lalithaa Jewellery.
The company’s manufacturing operations are centralised at an integrated production unit in Andheri East, Mumbai, covering a total area of approximately 13,448.86 square feet. In FY25, Shanti Gold reported revenue of ₹1,112.47 crore and net profit of ₹55.84 crore.
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